Accessible version Shennan Circuits (A) Strong portfolio/customer base, Meta/AMD deal to drive more upside; new PO CNY303 Reiterate Rating: BUY | PO: 303.00 CNY | Price: 263.76 CNY Solid PCB/substrate position, diversified customers We remain constructive on Shennan, backed by its solid position in both AI server/optical transceiver PCB and BT/ABF substrate. We expect Shennan to continue riding on the robust memory and optical transceiver module demand. More importantly, its diversified PCB customer base ac ...